[Featured Stock] Lee Jae-myung Theme Stocks Surge One Day Before Impeachment Trial

The so-called 'Lee Jae-myung theme stocks' surged on the 3rd, the day before the ruling on President Yoon Suk-yeol's impeachment trial.

As of 9:25 a.m. that day, Softcamp recorded a 30.00% price increase limit compared to the previous day, reaching 1,612 won. CEO Bae Hwan-guk is known to be an alumnus of the same university as Lee Jae-myung, leader of the Democratic Party of Korea, which led to its classification as a related stock. Sangji Construction also soared 29.93% to 5,340 won compared to the previous day. It was classified as the same theme stock following news that outside director Lim Mu-young joined Lee Jae-myung's campaign.

Other stocks such as Hyungji I&C (18.90%) and Orient Precision (15.10%) also surged.

The surge appears to reflect expectations that if President Yoon is impeached, Lee Jae-myung could be elected in an early presidential election. Under current law, if impeachment is upheld, a presidential election must be held within 60 days. Accordingly, the 21st presidential election is expected to take place before June 3.